About Financial Services Law
It’s the known unknowns and the unknown unknowns that make Financial Services such a fascinating and challenging area of law. Advising clients in the here and now, or helping them plan ahead, how are you sure you haven’t missed something?
Financial Services Enforcement Database
Our Financial Services Enforcement Database includes hundreds of FCA, PRA and PSR enforcement actions. Searches can be filtered by multiple criteria such as rule breach, saving lawyers time and money.
FCA Consumer Duty
Our resources enable customers to stay updated with key developments. Materials include details on the rules and guidance, analysis, sectoral implications, a timeline, and checklists on key compliance issues.
Key developments and horizon scanning
Our current awareness offering includes daily, weekly and intraday alerts. We have a suite of comprehensive horizon scanners and timelines on many topics, enabling lawyers to stay on top of regulatory changes
Sustainable finance and ESG
Sustainable finance and ESG are becoming increasingly important for financial institutions and their lawyers. Our practical guidance, summaries, timelines and toolkits help practitioners navigate this complex area
Topics We Cover
Our Financial Services Experts
Dan Jones
Neil Jepson
James Henson
James Burnie
Guy Wilkes
Latest Financial Services News
The Prudential Regulation Authority (PRA) has sent a Dear CEO letter, following a review of the recovery planning capabilities of c70 non-systemic UK...
The Financial Conduct Authority (FCA) has charged three individuals with fraud for their alleged involvement in a high-risk trading scheme, which...
The Basel Committee on Banking Supervision (BCBS)'s oversight body—the Governors and Heads of Supervision (GHOS)—has welcomed the progress made on the...
The Office of Financial Sanctions Implementation (OFSI) has updated its UK financial sanctions general guidance. Section 6 of the guidance, which...
EU Law analysis: the European Insurance and Occupational Pensions Authority (EIOPA) has published its May 2024 Insurance Risk Dashboard, which shows...
Latest Financial Services Practice Notes
FCPA—who it applies to and what it prohibits (US)What is the FCPA and what does it prohibit?The Foreign and Corrupt Practices Act (FCPA) was enacted...
Special resolution regime for banks and building societies—rationale, scope, application and interpretationThe economic and legal backdropGeneral...
Sunsetting retained EU law—essentialsRetained EU Law (Revocation and Reform) Act 2023The Retained EU Law (Revocation and Reform) Act 2023 (REUL(RR)A...
USA—Introduction to the Securities Exchange Act of 1934 and the Securities Act of 1933Background and purposes of the Securities Exchange ActThe...
Dodd-Frank Act—overview for non-US lawyers—essentialsBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...
Latest Financial Services Precedents
Insider list—section relating to permanent insidersArticle 18(1) of the UK Market Abuse Regulation (Assimilated Regulation (EU) 596/2014 (UK Market...
Letter from issuer to PDMR—continuing obligations under Article 19 Market Abuse Regulation[On headed notepaper of issuer]Strictly private and...
Dealing Procedures ManualThis precedent memorandum sets out the procedures to be followed by a listed company and its subsidiaries in relation to...
Insider list—section relating to deal specific insidersArticle 18(1) of the UK Market Abuse Regulation (Assimilated Regulation (EU) 596/2014 (UK...
Specimen Group-Wide Dealing PolicyThis precedent memorandum sets out a ‘specimen’ group-wide dealing policy published by The Chartered Governance...
Latest Financial Services Q&As
Featured Financial Services content
The Money Laundering Reporting Officer (MLRO)
The Money Laundering Reporting Officer (MLRO)This Practice Note provides information on the role of the nominated officer and the Money Laundering...
Financial Conduct Authority—Principles for Businesses (PRIN)
Financial Conduct Authority—Principles for Businesses (PRIN)This Practice Note explains the Principles for Businesses (PRIN) set down by the Financial...
Second charge mortgage regime
Second charge mortgage regimeSecond charge mortgages definedA regulated second charge mortgage is a loan secured on a borrower’s property that is used...
Financial Conduct Authority—objectives and principles
Financial Conduct Authority—objectives and principlesThe role of the FCAThe Financial Conduct authority (FCA) forms part of the regulatory structure...
Accepting deposits
Accepting depositsBackground to the regulated activity of accepting depositsUnder section 19Â of the Financial Services and Markets Act 2000 (FSMA...
What is electronic money?
What is electronic money?BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period...
Fund management—Cayman Islands—Q&A guide
Fund management—Cayman Islands—Q&A guideThis Practice Note contains a jurisdiction-specific Q&A guide to fund management in Cayman Islands published...
Insurance conduct regulation—COBS and ICOBS
Insurance conduct regulation—COBS and ICOBSBREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...
Non-UCITS retail schemes (NURS)
Non-UCITS retail schemes (NURS)This Practice Note explores non-UCITS retail schemes (NURS) and comments on investment powers, new rules on NURS...
Complying with the collective investment schemes sourcebook (COLL)
Complying with the collective investment schemes sourcebook (COLL)The Financial Conduct Authority’s Collective Investment Schemes Sourcebook (COLL) is...
Different types of short selling
Different types of short sellingShort selling: the two key typesRegulation (EU) 236/2012 (OJ L 86/1) (the EU Short Selling Regulation) came into force...
Where a lender is required to send notices of sums in arrears on a fixed sum loan under section 86B of the Consumer Credit Act 1974 (CCA 1974) and the customer clears the arrears but leaves default sums outstanding, is the lender required to keep sending subsequent notices of sums in arrears under CCA 1974, s 86B(5)(b)?
What are regulated activities?
What are regulated activities?Under the general prohibition a person cannot carry out a regulated activity, or purport to carry out a regulated...
Multilateral Trading Facilities (MTFs)
Multilateral Trading Facilities (MTFs)BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit...
Regulated activities relating to dormant assets
Regulated activities relating to dormant assetsBackground to regulated activities relating to handling dormant assetsUnder section 19 of the Financial...
UK regulation of payment services providers—essentials
UK regulation of payment services providers—essentialsScope of this Practice NoteThe Payment Services Regulations 2017, SI 2017/752 (PSRs 2017)...
Unregulated collective investment schemes—essentials
Unregulated collective investment schemes—essentialsWhat are unregulated collective investment schemes?In the UK, an unregulated collective investment...
Complaints handling by financial services firms
Complaints handling by financial services firmsCORONAVIRUS (COVID-19): The FCA has issued a statement setting out its expectations on complaints...
Associated legal terms
Boiler room scam
A term used to describe high pressure selling techniques to persuade investors to buy shares which are usually worthless.
IOSCO
International Organisation of Securities Commission—the international policy forum for securities regulators
Property joint venture (Property JV)
A property joint venture is an arrangement between two or more parties under which they combine disparate contributions in order to derive value from the development, acquisition or management of property. The parties who typically participate in property joint ventures include property companies, developers, onshore institutional investors, offshore investors, landowners, local authorities and other public sector organisations.
CONTACT US
